Member Info for Interestking

CARS

The requirement was to commence drilling of 1 well.
(Some actually argue that buying hardware etc constitutes “commence.”)

The licenses were issued in 3 tranches of 3 year duration approx 10+ years ago.
Once GOM occurred The BG prevaricated on legislation so much that the 2nd tranche was extended and we are still in it. Effectively BPC could not proceed without govt action and it didn’t occur for several years. This actually caused us to lose Statoil as a partner circa 2014 as they lost interest.

My belief is that the C.O.B. 2020 – DRILL edict bings the 2nd tranche to conclusion and we enter the 3rd tranche which takes us to 2023/24.

If a duster we are still good.

If we strike we get 30 years to harvest.

GL
IK
XX

IMO

This Board has far too much advertising activity which overloads the server.

In other words the owners are being too greedy re revenue and too greedy re lack of CAPEX.to solve the prob.

GL
IK
XX

Friendly neighborhood Ramper here:-

Bit of consolidation here this a.m. Understandable after last week’s action.

15th Nov is a big day in BPC calendar. Won’t explain. You should know why.

By C.O.B. 15th various actions need to be evident.
C.O.B. 15th = probably C.O.B 13th so expect move up during the week IMHO
towards 4pish.

GL
IK
XX

PETRO it’s called enthusiasm not ramping.
When you’ve seen what we’ve seen over 10years of pushbacks from 3rd party actions/inactions you can be expected to be enthused when finally all the lights are green.
AND we did hit 25p in 2011 based on 1.25bn shares and 2Dseismics.
Now 3D seismics + MOYES potential 28bn BOO + green light for everything to drill.

What’s not to be enthusiastic about.
Ross and co are Newbies and wouldn’t understand + I secretly think he is a derampers!
GL
IK AKA MICK McMANUS.
XX

Bryn
I assume you were referring to me (no one’s ever called me “interesting” before!)
The Shieldees are also BPC invested and have threatened me with death if I in any way defer the dates!

GL
IK - AKA JACKIE PALLO.
XX

PETRO
Sorry about the noise - always happens after the third bottle!
GL
IK - AKA KENDO NAGASAKI.
XX

Lint

There are many permutations IMHO which would have to be multiple well drills as partners as we are GO for P 1 and there would be no point to JV @ this point otherwise.
UNLESS: There is FULL reimbursement of CAPEX thus far which coincidentally equates to current M/C.
Now that would be interesting for SP!

GL
IK
XX

AFTER - GL

P.S. PLEASE MAKE SURE YOUR PHONE IS NOT ON THE ICEMAX!

IK
XX

Tib

Thanks for that - great as usual.
Gl
IK
XX

IHi Folks

Not really prognosticated for a couple of months. Some may say: “Thank goodness!”

We have some excellent analysts here who are prepared to “drill” down extensively into the detail of our project and for that I thank them.

I have been a consortium proponent for nearly 2 years now and we seem to be forming a sort thereof.
Final components are potentially coming together e.g. IIs/Stena JV/RBL/MAJOR/BIZZELL/Family office/CERP (development/enhancement going forward for cashflow.)

Icemax leaving port on due date – end Nov - will IMHO dispel a great degree of uncertainty re BPC finally reaching the promised drill. In particular:- doubts about CV19 impacting operations and adequate funding.
Pis have been burnt a few times with BPC over the years with false hopes and are understandably cautious. This in itself should be good for a 25%+ uptick in SP IMO.

RBL is a possibility re CPR and if forthcoming will again IMO create uptick potential of 25% in SP re non dilutive funding.

The die is cast.
Drillderbirds are GO!
I refer of course to Percy and Robin (apparently Batman converted his car into the Icemaxobile.)

US election probable result is good for BPC: If Biden – He will be stymied on environmental issues.
He would be anyway as US is broke and can not afford to disturb the status quo re Energy.

Indices looking firmer due to US election almost out the way, QE on the cards globally, negative I/Rs
more prevalent everywhere = Bond yield further collapse = Stock Market support.
I mentioned Stock Market weakness a few months back. The fall in FTSE below 5850 was significant.
However the pullback above that level could be supportive combined with the I/R scenario outlined above. Be careful – the desire to seek some sort of return I.e. “greed” can be very dangerous - ref 2008.

P.S. Star – no point in putting Irene in The Tower for treason - she’s already headless!

GL
IK
XX

ARMA- Well mid November is a WEEKEND!
GL
IK
XX

P-I

Moi Aussi mon ami.

To be fair Harry was calling for an “immediate” Saffron update and we got it.
GL
IK
XX

Bryn

Are you really, really, really sure you want to be in it over the weekend?

Xx

The joys of modern technology.

Laalee I’ll send Percy up and they can Zoom into each other in the ether!

Mol

Shame the a wasn’t an r would have made an interesting anagram:)

GL
IK
XX

Hi Harry

“I wasn't the brightest star at school, I know a lot on here won't believe that but it's fact, but I did learn how to watch an empty space for weeks on end, I also think I grasped what the word IMMINENT meant, maybe I was the brightest star because there's a couple of guys running a company who obviously don't.”

Quote: Harry.

GL
IK
XX

Patois/Keith.

Far be it for me to intervene - I think Keith you missed the”parentheses” relating to GG’s post.
GL
IK
XX

Harry

Thanks for your response.

That “imminent” news is due by “the end of the year” (paraphrase.)

We therefore know what the definition of “imminent” is.
GL
IK
XX

Harry

Serious question - What news are you specifically waiting for @ this juncture please?

GL
IK
XX

I think I told ya!